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Feb 8, 2013
02/13
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the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut. arguably, we can walk away and say we got what we asked for. the question is what happens with the eu contributions? do we still walk away with our rebates, too? we are starting to see information filtering through now. the italians on a growth income national basis, they're the highest contributors. they're probably happy with the latest contribution. the dutch are set to lose a third of their rebate. so the question is, in this tit for tat world that we have here in brussels, what would appease them? they have been arguing for cuts to the
the eu budgets, 1% more, 1% less. i think what does matter is that they take home a victory from brussels saying we have austerity here. it gets them a few points in the uk prep. but beyond that, i'm not quite sure how much impact it will have on the european economy. >> okay. stay there. julia is ready, as well. julia, is this a victory for the british prime minister? >> well, it's interesting, isn't it? if we get an eu budget of 960 billion euros, then yes, it's a long-term cut....
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Feb 28, 2013
02/13
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it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip with the european union. this seems like one area where it comes into focus. >> and it still has to be officially signed off. but at the moment, that's what's laid out. >> i just wonder if mayor bloomberg in new york is going, yeah, go ahead, guys. guys, if you want your bonus, you can come right over here. >> they're all looking at this thinking, this is good for pus. >> the other story we're following this morning is the sequester. fitch has said it could prompt negative ratings action. not because of the sequester itself necessarily, but because of the politics and the way it was handled. head to cnbc.com to rea
it's not automatic because it still needs be effectively signed off by eu heads of state or eu finance ministers. as it's laid out, the european parliament in conjunction has decided this is what's going to happen. it is the far restricted cap on bonuses in the banking sector anywhere in the world. >> and london can't opt out, it sounds like. >> though. >> so if this moves forward -- i don't know what other levage, at a time when the uk is talking about renegotiating its rip...
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Feb 12, 2013
02/13
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the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea related tensions and developments, geopolitical issues like this have had impact on the korean market. so that explains the absence of such strong reaction on the stock market. but the latest that we have on this development is that we have china's reaction to north korea's nuclear tests, as well. china's foreign ministry statement goes that it is china's firm stance to realize nonnuclearization for the korean peninsula and prevent a nuclear proliferation and maintain peace and stability in northeast asia. remember, china is north korea's probably one and only ally and that it's been p
the eu secured council called an emergency meeting. chery joins us now from seoul. can you tell us first of all what the general reaction has been there and a lot bit about the impact of the economy. we're watching, for example, the south korea and won take a hit this morning. >> well within not much of a reaction on the kospi. it did end down just about 0.26% here. but i wouldn't say it's a big tumble and it is korean won gained. i think by now investors have learned that north korea...
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Feb 2, 2013
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we're not worried about, well, for the moment, the eu -- we have that kind of psychological factor. a healthy private sector. and the problem is what? the problem is government and bad policy. and that's what we have to offset. >> but jim iuorio, i want to know where to invest. do we buy gold, silver, and commodities? do we buy banks, which are lagging a little bit? do we buy industrial cyclicals to play the world boom, if there is such a thing? in other words, how do you invest right now, having passed this 14,000 benchmark? >> well, there's a couple things. first of all, when caterpillar released its earnings it talked about good numbers out of housing. and you stloe in china. you invest in things like copper. you know i still like gold and silver. and today with the green light from the fed i'm still going to stay in things like those. i am in bank of america. i am in health care. i think the stock market looks pretty good. you said before, though, the stock market tends to be a leading indicator of the economy. when the fed pumps in so much money and global banks pump in so much
we're not worried about, well, for the moment, the eu -- we have that kind of psychological factor. a healthy private sector. and the problem is what? the problem is government and bad policy. and that's what we have to offset. >> but jim iuorio, i want to know where to invest. do we buy gold, silver, and commodities? do we buy banks, which are lagging a little bit? do we buy industrial cyclicals to play the world boom, if there is such a thing? in other words, how do you invest right...
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Feb 19, 2013
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. >> new car registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to today's, a bit of a transport theme going on this morning. >> or lack thereof. >> well, there's bmw, has their recalled. you have to take your one and three series back. >> the thing about the bmw is people have to take them to the special bmw shop, anyway. when you have a recall like this, it's a pretty straightforward process for owners. >> then making a replica of the "titanic." some people are worried they're making it in a chinese shipyard. >> they're pitching this with "titanic" with a twist. some say the twist should be maybe this time it won't sink. >> they are going to do the original sailing route. what happens whe
. >> new car registrations across the eu slumped to an all-time low in january. >>> government delays its decision on the next bank of japan governor. is this the beginning of a more moderate japanese agenda? >>> and we're live in milan as the italian electoral race enters the final stref. we'll hear just why the mayor will decide to vote. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all...
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Feb 11, 2013
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we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows. who knows. i think we got it right, but who knows why he wasn't. one reason is because what they've done with the oscars now is increased the best film from five up to ten. now you have i think it's nine nominations this year. of course you're going to get a mismatch because there aren't the same number of films that there were directed. >> mark, good to see you. thanks so much, indeed. >> thanks for coming by. >> always a very good turn out, as well. >> i still think silver linings with a different name would have done so well. >>> anyway, the clearing up is occurring after
we have the eu rising starts, the outstanding british film. but in the major categories, clearly people do look to the bafta the way same they would look to the gloelden gloep globes to see how things were going. "argo" is seen by everybody as a pack leader. there is a strange absence there on best director. whoever wins best director will be remembered as having won in the year that the most significant contender wasn't nominated. >> why isn't he nominated? >> who knows....
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Feb 8, 2013
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in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a two-week winning streak for stocks. >> a blowout quarter, users increase continued in momentum. >> the storm could be one for the record books. forecast calling for as much as 2 1/2 feet of snow in some parts of the northeast. already more than 3,700 flights have been canceled. we'll get more from the weather channel on the path of nemo. >>> mcdonald's down 1.9 in january. middle east and africa, europe saw a 1%, 2% decline. u.s. the only bright spot. comps up 9%. even some suggestion that asia, which is 40% japan, but also china, got tainted with the chicken contamination scare. >> that wouldn't sur
in europe, the eu summit continues. but the action really taking its cues from china this morning. we have green arrows across the board in europe. take a look at asia. strong eco data out of china in focus. much more on that in just a moment. the road map begins at the golden arches. not even the cheddar onion burgers could help mcdonald's. they missed estimates in every region. asia was down a whopping 9.5%. >> exports boomed 25%, inflation cooled, but met expectations, capping off a...
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Feb 7, 2013
02/13
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. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out s&p. there's more to this story, or maybe there isn't. like i said, you can't fight city hall. one guy always fighting the battle keeping us informed about what may or may not be happening in europe is mark brand, southwest securities. mark, you were just listening to mr. draghi, and many of your comments, along with many traders on this floor, everyone was wondering when a big salvo to lower the value of the euro will be emanating from europe to keep up with the japanese. has that day arrived? >> no, the day hasn't arrived ye. i'll tell you what has arrived. the way the eu
. >> now we go into a full eu heads of state summit. it will be interesting to see if that theory about the euro gains further traction. >> let's roll out the red carpet and watch for the arrivals. thanks, simon. let's get to rick santelli in chicago, where we're still talking about your punch bowl this morning, rick. >>> i'll tell you what, it never ceases to amaze me where somebody like mr. rubin could say nobody could have nope, and yet the government singles out...
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Feb 21, 2013
02/13
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this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's chairman is not seeking a break-up of the bank. a story in today's wall street journal says michael o'neill was among those encouraging investors not to break up the bank. he is backing abroad cost cutting plans, but exploring a break-up is no longer said to be among his top priorities. >>> and top equity firm sports ing represents tennis players and lots of people including super model giselle bundchen. back in the day owned roger federer. the decision to sell has been driven by the trustee who own tess state of the former ceo and chairman. peemp say it could fetch mother than
this seems to be one more driven by growth worries coming out of the eu. take a quick look at the damage that's brought in terms of the currency board. the euro over here, there we go, dooits it's down about 0.8%. as for sterling that's also weaker, but just a little bit. the dollar did strengthen significantly after the fed yesterday. everyone is saying it's an overreaction to the fed minutes. we know that what they'ring god is conditions don't stay put. >>> back over here, citi's...
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Feb 28, 2013
02/13
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that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these things, the u.s. watches that very closely. what do you think of their policy? >> yes, of course, we do watch it. but i think it's much overblown to speak of the currency war, something like that. what we observe is that the japanese central bank, the japanese government, wants to avoid the deflationary development, which i think makes a lot of sense. so i'm not too much concerned about that. >> so it's not a beggar thy neighbor policy at this point with the central banks around the globe? >> no. if it really leads to higher growth, that is the intention to have, then it's not beggar thy neighbor, then it's
that some kind of special actions, for instance, or giving special job opportunities for -- and the eu commission is already discussing this i think this is something that has to be added, and that, i hope, will also increase the understanding of the population of these countries. >> what do you think about what the bank of japan is doing right now with its policies, really pressuring the yen, that adds pressure, in turn, to the euro, which has pushed higher, versus the yen on these...
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Feb 8, 2013
02/13
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there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed in new jersey. and the view among analysts is that other states, potentially federal legislation could follow suit. this is a small step in the direction of perhaps allowing more and more of the u.s. market to gamble online, like you can already with this one. up 19%. watch shares generally speaking in the gaming session today because you can expect there will probably be some similar moves. just the final word, we saw the yen strengthening avenue the yen appeared to talk down some of its easing moves. the yen was still 1% stronger. the nikkei ended the day 12-day winning streak with one of its long
there hasn't been a ton of move responding to the eu budget meeting which is reportedly winding up right now. there has been a lot of auction. adding 20% candidate as i can see here. the stoxx 600 is adding about 0.5% all told. take a look at this, bwin.com, there's talks about new jersey governor chris christie opening up online gaming. it leaves the possibility out there for atlantic city casinos to offer games like poker online. so bwin has a join venture with boyd gaming which is licensed...
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Feb 4, 2013
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you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and felt good, trends were good and the eu kind of put the kibosh on ceo confidence and capital markets activity. i'm concerned about that. >> you seem less worried. >> we're more worried about the u.s. economy. i think what we're seeing now in the marketplace makes sense. we had the megabanks lead the rally late last year. we recently have switched to the regional banks outperforming the megabanks and now we're getting that normal consolidation period which is to be expected. look at the ten-year treasury yield, that's what we say. if above ten for first quarter -- above 2% for first quarter, then earni
you say you're cautious on some of the bulge names in part because of the eu risk is higher in those. how serious do you take a day like today on that front? >> well, our biggest concern really is the continued unstable nature of greece. i think spain and italy will be fine as long as greece doesn't create a chain reaction, which i think it will. and i'm still very concerned about what is going on there. but as you guys pointed out, you know, you came into early 10, early 11, early 12 and...
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Feb 12, 2013
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/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that there were more jobs created here because we were selling more? >> no, in fact, nafta is a -- nafta is a good example -- >> trade balance with mexico went negative. i'm saying after nafta our trade deficit with mexico went from positive to negative. >> nothing happens in a vacuum. >> it's a -- >> but -- >> current -- >> intellectually -- >> don't you know that free trade -- >> absolutely. i'm all for free trade. the nafta we were just talking about, it was 1200 pages. it actually doesn't take that long to write a free trade agreement. the nafta and many others -- >> that was shorter than the health care reform bill? >> you know,
/eu free trade agreement. >> i disagree with that. >> they have big deficiencies, and actually a bulwark on standard setting -- >> you disagree with the idea of trade -- >> no i definitely think trade boosts growth and want to see more net exports. what i have never seen is a connection between free trade agreements and an increase in our gdp or even our positive trade balance. more often than not -- >> when you look at nafta, haven't they finally concluded that...
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Feb 26, 2013
02/13
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reforms going, getting some -- doing some of the things necessary to live up to their commitment to the eu. does this throw a wrench into the works? >> i think we should be thinking about it. the somewhat untold story is that -- >> you heard of this guy before this? >> absolutely. >> was he funny. >> he's funny. it would be a little bit like -- >> jackie mason? >> no -- >> seinfeld. >> robin williams or somebody. he was big in the '80s this guy. he also has been a big part of the political satire, all the rest of it. very, very bright guy. but you know, it's almost an a listic party. it's july real just truly a protest vote. to my knowledge it's gotten over 25% of the vote, the latest thing i've seen. monti is the best of the best. i honestly believe that is one of the, you know, on democracies it's easier to give stuff away. >> two years ago he had just started and i asked why are these pictures of monti in a beach chair. and they all said send monti to the beach. that was two years ago. >> yeah, he's only been in there a group -- grillo is moving. five-star movement is only three years o
reforms going, getting some -- doing some of the things necessary to live up to their commitment to the eu. does this throw a wrench into the works? >> i think we should be thinking about it. the somewhat untold story is that -- >> you heard of this guy before this? >> absolutely. >> was he funny. >> he's funny. it would be a little bit like -- >> jackie mason? >> no -- >> seinfeld. >> robin williams or somebody. he was big in the '80s this...
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Feb 15, 2013
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. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more uncertainty now. from a political point of view, there's -- >> because of the referendum? right. the prime minister made the right decision. the uk sort of right wing party, it liked the tea party, i guess, in some respects has gained 16% of the vote according to the polls. take more from the trres or from labor. so i think the prime minister was concerned about that. having a referendum laid it out. we did some polling, online polling after the speech. they thought the referendum was right. content of the speech was good, they would vote for the coming out of. there's a lot of work to be done until we get to the referendum what does it mean tor
. >> we have scotland and then we will have the eu probably about 16 or 17 after the next -- >> i've invited you to be the 51st state over here. >> that's all you will be over here. >> you try to tax us without representation, we'll try to -- >> it's a good number. >> martin b what do you think about the referendum? >> i got myself into trouble by saying that it increases uncertainty. it's what i called the fifth grace one and so there's more...
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google has been really the focus of this three-year investigation that has been going on in the eu and to its search business there, the dominance of the google search engine. also helping the stock move higher today, brooke, wireless carriers activating a million android devices per day, giving apple a run for its money. >> good for those folks who got in when getting was good in '04. alison kosik, thank you. >>> broad picture, let's talk to jill schlessinger. jill, i knew i liked you. i was reading a piece today where you quoted the grateful dead in talking about the ups and downs of the dow jones. give me that line. >> it has been a long, strange trip. come on, now. just think about this, in the summer of 2007, we first crossed 14,000. and that was well before anyone really, the broad public understood we're about to become sucked into the precipice of disaster by the financial sector. so, of course, 14,000 doesn't feel quite as good this time around and frankly a lot of retail investors have not yet gotten back into the market after these last five or six bruising years, who could
google has been really the focus of this three-year investigation that has been going on in the eu and to its search business there, the dominance of the google search engine. also helping the stock move higher today, brooke, wireless carriers activating a million android devices per day, giving apple a run for its money. >> good for those folks who got in when getting was good in '04. alison kosik, thank you. >>> broad picture, let's talk to jill schlessinger. jill, i knew i...
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Feb 12, 2013
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referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget deal makes the case for britain staying in europe stronger? >> i would say that the reaction that i have had to the speech i made a few weeks ago has been, on the whole, fairly positive, because people can see that it is not some simplistic argument about an immediate referendum -- it is a well-argued case, i would say, for how europe should reform and how we should secure britain's place within it. these discussions show that britain can get good deals done with partners in europe having made a speech on that subject. i think that actua
referendum or an eu budget cut? >> i am very grateful to my honorable friend for his support. it is absolutely right to say that the british parliament speaks clearly about these issues and is listened to carefully in the corridors of brussels. that is true. we should always respect the fact that it is to this parliament that prime ministers have to answer. >> what did other leaders say to the prime minister in the margins about a british referendum? does he believe that this budget...
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Feb 19, 2013
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street journal" front page -- inside "the baltimore sun" -- then in foreign affairs news -- then, the eu decides not to arm rebels in syria -- that is the washington post this morning. bp is ready for court -- the washington post is reporting about strange bedfellows -- there is a provision in the bill that charges a smoker 50% more for medications and patience to do not use a stick -- who do not use tobacco. here is a quote -- we're talking about armed guards in school. we have time for one more phone call. nick in columbus -- colombia, maryland, you're the last. caller: good morning. thank you for having me on. host: what are your thoughts? caller: we are very reactive, not proactive. it is only a matter of time before we should have expected something like this to happen in a school. this keeps repeating and repeating. we put guards in their pour about four years. then we cut money out of the budget. something will happen, we will put them back in. for my republican friends who said he wants teachers to take training, they cannot stop dating our students. how will they be able to carr
street journal" front page -- inside "the baltimore sun" -- then in foreign affairs news -- then, the eu decides not to arm rebels in syria -- that is the washington post this morning. bp is ready for court -- the washington post is reporting about strange bedfellows -- there is a provision in the bill that charges a smoker 50% more for medications and patience to do not use a stick -- who do not use tobacco. here is a quote -- we're talking about armed guards in school. we have...
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Feb 26, 2013
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the eu is providing non-legal aid, i am wondering if the u.s. is considering this? and if you are ceding influence for the ron. afghanistan has asked u.s. troops to leave the province and i think within two weeks, can we get your comment on that? >> with respect to afghanistan, i understand the concerns they have expressed. appropriately, when a complaint they may have thought to be appropriately evaluated. they will be, i assure you. i have taken appropriate note and i have had a great deal of involvement in afghanistan with president karzai. there are evaluations of how things might have gone wrong or might have changed. we are working on a bilateral security arrangement and this transition process. we have had a very good conversation with the president. president obama talked to him before making announcements. we have listened very carefully to his observations about wanting to speed up the transition with respect to management of security. i can assure you that we are finely attuned to the needs of the afghan people, and the most effective ways to make this tr
the eu is providing non-legal aid, i am wondering if the u.s. is considering this? and if you are ceding influence for the ron. afghanistan has asked u.s. troops to leave the province and i think within two weeks, can we get your comment on that? >> with respect to afghanistan, i understand the concerns they have expressed. appropriately, when a complaint they may have thought to be appropriately evaluated. they will be, i assure you. i have taken appropriate note and i have had a great...
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Feb 23, 2013
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-eu trade ownership. we could not agree more. let's hurry up and put american business to work. let's get these deals done. by the way, it is not just about asia. it includes all the coasts of the united states and canada and america. it is fascinating. need to get this going and move that european deal. the working group is about to put out a report. i think it will probably sustain the best teams we can think about. let me give you this in a minute. europe is in a slow economy. europe is our largest export partner. europe is china's largest export your. china is our fastest growing export partner. if europe goes into the can, the whole triangle goes inhe can. that is bad idea. this would be huge on both sides of the pond. there are a lot of big trade agreements that have been talked about or a long time. these would put cash on the table right now. it is important that we welcome global investment. we want people to bring their cash here. come here and invest or come here and visit. the terrorism is a great way -- tourism is a great way. we like that. st people do not understa
-eu trade ownership. we could not agree more. let's hurry up and put american business to work. let's get these deals done. by the way, it is not just about asia. it includes all the coasts of the united states and canada and america. it is fascinating. need to get this going and move that european deal. the working group is about to put out a report. i think it will probably sustain the best teams we can think about. let me give you this in a minute. europe is in a slow economy. europe is our...
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Feb 21, 2013
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india and the eu, absolutely. i would be remiss if i conveyed the impression that with our economic relationship that i was trying to sound as if we had no complaints. i was saying that with all trading partners, you inevitably get involved with the agreement over one particular aspect of trade over another. since that narrative is good, we need to focus on that and put these into something like the trade policy forum and deal with them separately. but we have made substantial progress. i believe there'll be one that where i hope we can finally get a deal. we have a great deal of progress and matters related industry and agriculture. that gap remains to be breached. it is certainly giving us a lot of attention. negotiating *, you have the same set of people that are debating these issues and all of their partners. we need to conclude this and we will be looking for a win-win proposition. >> we have a group right here. >> i am from brookings next door. i hate to put you on the spot here, but this just came out and
india and the eu, absolutely. i would be remiss if i conveyed the impression that with our economic relationship that i was trying to sound as if we had no complaints. i was saying that with all trading partners, you inevitably get involved with the agreement over one particular aspect of trade over another. since that narrative is good, we need to focus on that and put these into something like the trade policy forum and deal with them separately. but we have made substantial progress. i...
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Feb 25, 2013
02/13
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the eu is providing non-legal aid, i am wondering if the u.s. is considering this? and if you are ceding influence for the ron. afghanistan has asked u.s. troops to leave the province and i think within two weeks, can we get your comment on that? >> with respect to afghanistan, i understand the concerns they have expressed. appropriately, when a complaint they may have thought to be appropriately evaluated. they will be, i assure you. i have taken appropriate note and i have had a great deal of involvement in afghanistan with president karzai. there are evaluations of how things might have gone wrong or might have changed. we are working on a bilateral security arrangement and this transition process. we have had a very good conversation with the president. president obama talked to him before making announcements. we have listened very carefully to his observations about wanting to speed up the transition with respect to management of security. i can assure you that we are finely attuned to the needs of the afghan people, and the most effective ways to make this tr
the eu is providing non-legal aid, i am wondering if the u.s. is considering this? and if you are ceding influence for the ron. afghanistan has asked u.s. troops to leave the province and i think within two weeks, can we get your comment on that? >> with respect to afghanistan, i understand the concerns they have expressed. appropriately, when a complaint they may have thought to be appropriately evaluated. they will be, i assure you. i have taken appropriate note and i have had a great...
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Feb 2, 2013
02/13
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but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members elected, male and female, and i think he will continue to us see that. you know, -- [inaudible question] >> well, you have -- i think there are several -- one who is korean, one korean-american. at think you will see more going forward because you love a lot of asian-americans who are mayors in major cities to lend that think that if the answer is, i think it would be very helpful to have more asian americans as members of congress. and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambassador to bei
but they are an active member of the eu. she wants to keep them end. >> time is getting a little tight here, so let's go to two questions very quickly right here and then right over here. >> you said that you would enhance economic opportunities in asia, asian members of commerce. >> that is an interesting question. some very senior members of congress, in fact, the senior senator testified -- just died who had tremendous clout, and you're seeing more and more asian members...
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Feb 5, 2013
02/13
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we need to have our own perspective inside the eu. and also in a global sense in the coming years. food security, changes, climate changes, water, etc. just to be clear, the referendum question has to be in or out. >> that is a question for the british government. >> i think it would be premature to have the discussion. we need to know what they actually want in this discussion. we will choose to find out over the next few years. >> well, i think it is the british government who can decide what it should be. so we have to see what outcome we want. >> i think we have chase that rabbit. >> next question from the floor? >> gentlemen, a lady there? >> hello, i am amy kellogg from fox. this is a question for the prime minister. the u.s. needs to make some serious budget cuts in the coming months to avoid the fiscal cliff. both of you have gone through the process of making budget cuts in their own countries. i'm wondering if you can share any lessons learned for the united states as it starts to make its own budget cuts. >> i am sure that they are waiting with baited breath. yes, i woul
we need to have our own perspective inside the eu. and also in a global sense in the coming years. food security, changes, climate changes, water, etc. just to be clear, the referendum question has to be in or out. >> that is a question for the british government. >> i think it would be premature to have the discussion. we need to know what they actually want in this discussion. we will choose to find out over the next few years. >> well, i think it is the british government...
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Feb 18, 2013
02/13
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but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian members elected, male and female. and i think you will continue to see that. you
but they are an active member of the eu. she wants to keep them in. >> time is getting a little tight so let's go to questions very quickly. right here and then right over here. >> if you would, enhance economic opportunities in asia, more asian members of congress. >> that's an interesting thought. of course, you had some very senior members of congress, in fact the senior senator just died, senator inouye, wh who had tremendous clip it and you're seeing more and more asian...
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Feb 22, 2013
02/13
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india eu, yes. i would be, i think remiss if i convey the impression that with our economic relationship with the united states that i was trying to sound -- it's not what i was trying to do, was to say that with all trading partners, inevitably you get involved with the market issues and arguments over one particular aspect of trade or the other. what i was hoping was that since all of america and its need to focus on that, put all these into something like a trade policy forum, separately. by the media, give made substantial improvements. i believe is going to be a meeting in able where hope we'll be able to find -- [inaudible]. we have made a great deal of progress in matters relating to industry, agriculture. and services, napster would make it is certainly getting to a lot of attention. we are conscious that negotiating time and negotiating attention, yet the same set of people who are debating these issues with all the partners. we need to conclude this and we certainly will be looking for a w
india eu, yes. i would be, i think remiss if i convey the impression that with our economic relationship with the united states that i was trying to sound -- it's not what i was trying to do, was to say that with all trading partners, inevitably you get involved with the market issues and arguments over one particular aspect of trade or the other. what i was hoping was that since all of america and its need to focus on that, put all these into something like a trade policy forum, separately. by...
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Feb 6, 2013
02/13
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we need to have our own perspective inside the eu. and also in a global sense in the coming years. food security, changes, climate changes, water, etc. just to be clear, the referendum question has to be in or out. >> that is a question for the british government. >> i think it would be premature to have the discussion. we need to know what they actually want in this discussion. we will choose to find out over the next few years. >> well, i think it is the british government who can decide what it should be. so we have to see what outcome we want. >> i think we have chase that rabbit. >> next question from the floor? >> gentlemen, a lady there? >> hello, i am amy kellogg from fox. this is a question for the prime minister. the u.s. needs to make some serious budget cuts in the coming months to avoid the fiscal cliff. both of you have gone through the process of making budget cuts in their own countries. i'm wondering if you can share any lessons learned for the united states as it starts to make its own budget cuts. >> i am sure that they are waiting with baited breath. yes, i woul
we need to have our own perspective inside the eu. and also in a global sense in the coming years. food security, changes, climate changes, water, etc. just to be clear, the referendum question has to be in or out. >> that is a question for the british government. >> i think it would be premature to have the discussion. we need to know what they actually want in this discussion. we will choose to find out over the next few years. >> well, i think it is the british government...
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Feb 27, 2013
02/13
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who would have thought when some of us voted for just a common market all those years ago that the eu would now be interfering potentially and what benefits we should be paying two romanians and bulgarians before they have made any occupation to our society? is it any wonder people feel disillusioned and callous? but isn't the good news is, who is more likely to vote to give people a genuine choice of a referendum, a liberal or a conservative or eastland? >> well, i'm delighted by my honorable friend managed to slip the point in at the end. i won't urge any i will friends to make their way to support the reelection and the campaign. but the point, the point that he makes is very important, which is we need to look through every aspect of how we welcome people to our country, and make sure why we must to be fair, we must not be a soft touch. so i am making sure we look at our health service, we look at housing, we look at benefits. with that illegally, we look at all other things and make sure proper and tough controls of people who want to come and live here. >> the treasury was requi
who would have thought when some of us voted for just a common market all those years ago that the eu would now be interfering potentially and what benefits we should be paying two romanians and bulgarians before they have made any occupation to our society? is it any wonder people feel disillusioned and callous? but isn't the good news is, who is more likely to vote to give people a genuine choice of a referendum, a liberal or a conservative or eastland? >> well, i'm delighted by my...
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Feb 1, 2013
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do, what can the eu do? the problem is with too many institutions, too many structures and there's no inner operability. the eu send their own folks. the americans are send their own trainers to tunisia and mali, but from what i hear from folks on the ground they say they don't work together. so that's something that needs to be looked into. >> there's something that i forgot to mention, which your comment just provoked me to remember. i forgot to mention the important role of algeria. nothing is going to happen without algeria. right? paul kennedy and gil meche university, 15 years ago growth is really important article in foreign affairs called the pivotal states. right? and he argued that in every region of the world there is a pivotal state unless you work with the pivotal state, then the answer states around the pivotal state won't function properly. and his argument was that in west africa, nigeria, is a pivotal state, and east arguably are the pivotal states and south africa is south africa. but in no
do, what can the eu do? the problem is with too many institutions, too many structures and there's no inner operability. the eu send their own folks. the americans are send their own trainers to tunisia and mali, but from what i hear from folks on the ground they say they don't work together. so that's something that needs to be looked into. >> there's something that i forgot to mention, which your comment just provoked me to remember. i forgot to mention the important role of algeria....
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Feb 25, 2013
02/13
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are no longer worried i think about our economy being overwhelmed either by europe writ large, the eu or china somehow swallowing up every bit of innovation that exist in the world. they are no longer i think worried about our economy being overwhelmed beyond our shores. but, and i don't think there is no, very little doubt in any circles out there about america's ability to be in position to lead the world in the 21st century. not only in terms of our foreign policy, our incredible defense establishment, but economically. i think the american people are ready to get up as a civil rights leader when i was coming up as a kid said, the american people are just tired of being tired. get up and move. you guys know that because it's happening in your state. you're probably feeling it in your fingertips more than most of us do here in washington. and as i said i think they know we're better positioned than any of the nation in the world to lead the world. and that's what i think they are so frustrated by what they see and don't see happening here in washington. and i think their frustration
are no longer worried i think about our economy being overwhelmed either by europe writ large, the eu or china somehow swallowing up every bit of innovation that exist in the world. they are no longer i think worried about our economy being overwhelmed beyond our shores. but, and i don't think there is no, very little doubt in any circles out there about america's ability to be in position to lead the world in the 21st century. not only in terms of our foreign policy, our incredible defense...
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even if the deal clears the eu, it must also pass the european parliament. the u.s. trade deficit unexpectedly narrowed in december. according to the commerce department, the trade gap fell on the drop of oil imports and hire exports. 16% say they are late at least once a week. the most common excuse is traffic. that is the latest from the fox business network. giving you the power to prosper. ♪ [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. your financial advis should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who thinlike you do. face time and think time make a difference. at edward jones, it's how we me sense of investing. dagen: talk about a recovery. the number of homes sold for $5 million or more hitting a record number in california last year. that is where we find robert gray. in the hollywood hills above los angeles with real estate agent,
even if the deal clears the eu, it must also pass the european parliament. the u.s. trade deficit unexpectedly narrowed in december. according to the commerce department, the trade gap fell on the drop of oil imports and hire exports. 16% say they are late at least once a week. the most common excuse is traffic. that is the latest from the fox business network. giving you the power to prosper. ♪ [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just...
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you could also say the good news out of europe this morning putting a bid under the market with eu leaders agreeing to budget cuts for the first time in seven years. what's not to love? >> everything is to love. the volume is light, it doesn't matter, and generally i would have disputed that, but i think volume is light, if it would have been bigger then we would have had more to the upside. i think a lot of volume is due to people going home. i sense the sentiment is correct, people like this market. they like it. liz: they like it. okay. it's that moment at the moment until there is some type of negative headline; right? i mean when you look at that, that's what's been our biggest problem. >> i think it has been. this has been headline driven for the last three or four years. i think since january truly people have decided they are going to put their money in the stock market. i mean they think the fundamentals are getting better. we saw this this morning with the data out of china and the u.s. i think people are continuing to feel better, and as long as they are feeling better, they are
you could also say the good news out of europe this morning putting a bid under the market with eu leaders agreeing to budget cuts for the first time in seven years. what's not to love? >> everything is to love. the volume is light, it doesn't matter, and generally i would have disputed that, but i think volume is light, if it would have been bigger then we would have had more to the upside. i think a lot of volume is due to people going home. i sense the sentiment is correct, people like...
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Feb 14, 2013
02/13
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they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties. they are worried about treaty protection. also, the big and run that is being talked about at the eu is that traders that assess this tax and do the trades outside that zone, those companies will not be allowed to do any trade transactions with those 11 countries whatsoever. this is serious breaking news for investors all over the world. connell: this would hit regular investors. liz: yes, if they have international investors. this would be collected from investors around the world. it is basically an overreach. that is what they are upset about. they are
they are sending it to the eu. they sent it late yesterday. eleven countries are moving to the tobin tax. it is a 0.1% tax that would hit your 401(k)s. it is a blistering letter. you have to stop this tobin packs and it tracks. it will increase trading costs. it will diminish liquidity. it is a job killer. they also say they did not want a similar type of tax because it will kill jobs. the eu right now is in depression. it is in serious need of revenue. it will violate international treaties....
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Feb 26, 2013
02/13
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we're no longer worried, i think, about our economy being overwhelmed either by europe or at large the eu or china somehow swallowing up every bit of innovation that exists in the world. they're no longer, i think, worried about our -- our economy being overwhelmed beyond our shores. stuart: a little awkward on the timing there and finally, ben bernanke will give his update on the economy to congress today. is he going to keep printing money to make up for the dire spending cuts that could start friday or to protect the economy against europe? what's he going to do? is he going to keep printing money or not? we'll be here right at ten o'clock to find out exactly what he's going to do. it will affect the market. all right, next, we're following up on the big story, the big stock selloff and ask, why do the italians have such a big impact on our money and plus, the governor of kansas, we'll ask sam brownback his push to eliminate the income tax. and i've got good news on housing, too. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves.
we're no longer worried, i think, about our economy being overwhelmed either by europe or at large the eu or china somehow swallowing up every bit of innovation that exists in the world. they're no longer, i think, worried about our -- our economy being overwhelmed beyond our shores. stuart: a little awkward on the timing there and finally, ben bernanke will give his update on the economy to congress today. is he going to keep printing money to make up for the dire spending cuts that could...
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Feb 13, 2013
02/13
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connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are calling hypocrisy. jack lew is saying he would like to get both individual and business tax reform done. republicans have been floating at the corporate side at 25%. it would be challenging to get there. he would like to, on the individual side, raise some revenue. he says he is looking forward to working with lawmakers on overhauling both the individual and corporate tax codes. something that will probably take an awful long time here. dagen: thank you. rich edson in washington. connell: we have charlie rangel coming up. you probably heard the president talking about a higher animal wage. we will hear
connell: eu ambassador to the u.s., thanks a lot. dagen: jack lew's confirmation hearing underway. he is facing some heavy scrutiny for his time spent. connell: rich edson is following this for us on capitol hill. rich: president obama pointed out that romney's time as a banker. all of that. also, jack lew's pay at citibank. >> in 2008 i was in employee in the private sector. i was compensated for by work. i will leave for others to judge. rich: that is something that republicans are...
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Feb 1, 2013
02/13
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are outrageous, but they also ruled that a three-hour delay could give consumers the rights in the eu for compensation. so if you can't fly through a volcanic ash situation, they have to delay, you're going to have to pay somebody. those kind of rules are frankly stupid, and airlines are just going to have to raise their fares to cover the. >> jenna: the europe courts think this is a fair way to go. do you think it will come to the u.s. courts and carriers as well? >> reporter: oh, there are consumer twits out there all over the place that would love to see this happen. the fact of the matter is the unintended consequence of this would be outrageous. the three hour tarmac rule we have today, there weren't a lot of those, but it has increase airlines canceling flights when they think they might not get people off an airplane. if you really want more expensive tickets and want to have less air service, this is a great way to go. >> jenna: i might be a little bit, don't tell anybody, of a consumer twit when it comes to this because i do want some accountability when we fly. when you walk
are outrageous, but they also ruled that a three-hour delay could give consumers the rights in the eu for compensation. so if you can't fly through a volcanic ash situation, they have to delay, you're going to have to pay somebody. those kind of rules are frankly stupid, and airlines are just going to have to raise their fares to cover the. >> jenna: the europe courts think this is a fair way to go. do you think it will come to the u.s. courts and carriers as well? >> reporter: oh,...
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Feb 1, 2013
02/13
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and eu terrorist list. very anti-american, very anti-nato. they attacked turkish military and security installations. at some point that switched and they went after u.s. diplomats and u.s. military. they were particularly active during the gulf war, and they've killed dozens of people since the '70s. they finance themselves by robberies and extortion. experts don't rule out they may have been subcontracted by another group. in fact, i was reading the newspapers a short while ago, shep. there was an article that said this was a splinter group of a larger organization backed by iran and syria. now, we don't have any confirmation of that, but again, there's always the possibility that they were subcontracted by someone else, the u.s. saying that they're following turkey's lead at this point but so far, turkey is just saying that it was this leftist group. >> shepard: amy kellogg in london. thanks so much. experts call ankara one of the safest cities in the region but consider turkey's neighbors, iran to the east, syria to the south and united s
and eu terrorist list. very anti-american, very anti-nato. they attacked turkish military and security installations. at some point that switched and they went after u.s. diplomats and u.s. military. they were particularly active during the gulf war, and they've killed dozens of people since the '70s. they finance themselves by robberies and extortion. experts don't rule out they may have been subcontracted by another group. in fact, i was reading the newspapers a short while ago, shep. there...
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Feb 8, 2013
02/13
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. >>> the eu leaders have agreed to a drastically reduced budget. the seven-year deal for 1.28 trillion dollars is the first spending cut in the union's 27-year history. it must still be approved by the eu parliament and lawmakers are already suggesting massive cuts are not acceptable. police in three western states and mexico are still searching for a former lapd officer who was accused of killing three people and threatening dozens more. let's get an update tonight from lapd headquarters and correspondent alicia acuna. >> reporter: because of the heavy snow in the mountains, the air search with the heat seeking equipment they've been using has been grounded. however, officials do say snow on the ground does help them track folks. >> our folks are highly trained. that's what h we train for. >> reporter: the manhunt for christopher dorner carries on despite the snow. >> we're going to continue searching until either we discover that he left the mountain or we find him, one of the two. >> reporter: the last signs of the fired lapd officer were the tr
. >>> the eu leaders have agreed to a drastically reduced budget. the seven-year deal for 1.28 trillion dollars is the first spending cut in the union's 27-year history. it must still be approved by the eu parliament and lawmakers are already suggesting massive cuts are not acceptable. police in three western states and mexico are still searching for a former lapd officer who was accused of killing three people and threatening dozens more. let's get an update tonight from lapd...
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Feb 26, 2013
02/13
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they're no longer worried, i think about our economy being overwhelmed, either by europe at large, the eu or china somehow swallowing up here bit of innovation that exists in the world and they're no longer, i think, worried about our, our economy being overwelcomed beyond our shores. but, and i don't think there's no, there is he' very little doubt in any circles out there. about america's ability to be in a position to lead the world in the 21st century, not only in terms of our foreign policy, our incredible defense establishment, but economically. >> governor, fewer americans are working, the last quarter the economy just contracted and we've got 50 million americans on food stamps and 6 trillion in new debt. and what alternate university is crazy uncle joe living in here? >> let's just say i wouldn't characterize it the way he said it. the fact of the matter is that most american families have done worse in the obama, quote, recovery than they did during the the recession. and median family income went down $1500 during the the recession itself, and then went down another $2500 durin
they're no longer worried, i think about our economy being overwhelmed, either by europe at large, the eu or china somehow swallowing up here bit of innovation that exists in the world and they're no longer, i think, worried about our, our economy being overwelcomed beyond our shores. but, and i don't think there's no, there is he' very little doubt in any circles out there. about america's ability to be in a position to lead the world in the 21st century, not only in terms of our foreign...
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Feb 18, 2013
02/13
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it is recognized as a terrorist group not only by the united states but eu and countries around the world. it committed atrocities in around the world. most recently in bulgaria tourists were attacked. what happened in the arab spring, hamas shifted into iran's orbit to take on new patrons. those new patrons are turkey, egypt and qatar. those countries like iran are u.s. allies. jenna: why are they helping hamas? why are they patrons of a terrorist organization? >> they see the opportunity to weaken iran. how can we weaken iran? one way in syria they're taking another one of iran's allies which is the regime of bashar assad and second taking iran out of the orbit or taking hamas out of iran's orbit. jenna: so we see turkey, qatar, egypt, supporting hamas, a terrorist organization. in some ways we see that as potentially positive because iran is not so much a factor but what's in it for turkey and egypt and qatar to listen to us and not support this terrorist group when they obviously, there's parts at that of that terrorist group they like the mischief it is creating? >> i think it is two
it is recognized as a terrorist group not only by the united states but eu and countries around the world. it committed atrocities in around the world. most recently in bulgaria tourists were attacked. what happened in the arab spring, hamas shifted into iran's orbit to take on new patrons. those new patrons are turkey, egypt and qatar. those countries like iran are u.s. allies. jenna: why are they helping hamas? why are they patrons of a terrorist organization? >> they see the...
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Feb 25, 2013
02/13
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hagel refused to sign a letter that asked the eu to declare hezbollah a designated terrorist group. he doesn't want to dictate foreign policy. the fact of the matter is members of congress who enact the legislation determining that it's illegal to provide support for terrorist groups like hezbollah and hamas and hagel said we need not to go at this alone and cross border support to defeat hamas and it's extremely troubling that the so-called future, perhaps future secretary of defense refuses to work across the pond, to ensure the safety of america. >> at a time when we are, remember, the netanyahu speech before the u.n. and showing the red and the bomb and tipping point. at a time when we have israel making real warnings about iran getting nukes and what israel would do in response this is the guy heading up the pentagon and obviously israel will want our help if they find themselves in an armed conflict with iran. what are the stakes for israel in seeing hagel? president obama is going to set that policy not hagel, right? but he's got some independent power. >> well, look, the que
hagel refused to sign a letter that asked the eu to declare hezbollah a designated terrorist group. he doesn't want to dictate foreign policy. the fact of the matter is members of congress who enact the legislation determining that it's illegal to provide support for terrorist groups like hezbollah and hamas and hagel said we need not to go at this alone and cross border support to defeat hamas and it's extremely troubling that the so-called future, perhaps future secretary of defense refuses...